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Treasury Analyse

In: Business and Management

Submitted By kirak10208
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Several investment pools have been established by the partners of the Partners Healthcare and the two main investment pools are the short term investment pool and the long term investment pool. The investment pools invest the funds of the hospitals in order to generate the desired risk objectives and under the minimum risk of their returns in order to fulfill the needs of all the hospitals. Furthermore, the investment assets in the short term pool comprised of about the short term fixed income financial assets with high quality in terms of the expected returns.

These are the reasons that the STP is treated as the risk free portion of the entire investment portfolios of Partners Healthcare. However, the investment assets in the LTP comprised of high risk equity stocks and foreign stocks also which made the risks much higher for this specific class of the investment fund. Therefore, in order to diversify the risks associated with LTP and to decrease the volatility of the returns for this specific fund in the long term, the Investment Committee of Partners Healthcare sought to introduce a new type of investment assets in the LTP.

This new type of the investment asset is called as the real asset. Two types of the real assets which were REITs and the commodities such as the futures were considered for incorporation in the LTP portfolios and a result of that the performance of LTP at the end of 2004 turned out to be excellent. Moreover, the Investment Committee wanted to expand the investment of the real assets and Mr. Manning had to recommend the composition and the size of the real assets to be incorporated into the LTP.

Analysis

Structure of Healthcare Partners System and Importance of Investment Returns

There were several centrally managed pools operating at Partners Healthcare and the main objective of the organization was to satisfy the…...

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